(Updated, 3:07 p.m.)
The Rhode Island Foundation reported net assets of $734.4 million at the end of 2013, increasing by $101.6 million, or 16 percent, the $632.8 million reported the previous year, according to the organization’s 2013 annual report. Since 1993, the organization has seen its total assets increase more than 300 percent, from $197 million.
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More than a year before the first sail appears on the Newport horizon, corporations, sponsors and competitors are already booking Rhode Island hotel rooms and planning events for the Volvo Ocean Race.
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The $220 million South Street Landing project moved forward Wednesday, with one city board authorizing zoning waivers for its eight-story parking garage, while another agency agreed to close-out an outstanding loan on the property.
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If Rhode Island and the region have not emerged completely from their near decade-long economic funk, they certainly have pulled themselves out of the intensive care ward, at least according to the latest installment of the Providence Business News biannual Business Survey.
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For more than a decade beginning in 2001, manufacturing jobs left the state and country in droves. But as Rhode Island’s economy slowly creeps back and the cost of doing business overseas increases, some of those jobs may be returning.
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